WEC Energy Group Inc Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||5.55% ( 2018-12-31 )|
|Loans||11 033.3 mill|
WEC Energy Group Inc gained 0.21% in the last trading day, rising from $70.86 to $71.01 The price has risen in 6 of the last 10 days and is up by 4.5% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.15 million more shares were traded than the day before. In total, 1.29 million shares bought and sold for approximately $91.86 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the WEC stock was $71.01. This is 0.21% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.73% from a day low at $70.32 to a day high of $71.54.
30 day high of the WEC stock price was $72.03 and low was $66.75.
90 day high was $75.48 and low was $66.46.
52 week high for the WEC Energy Group Inc - $75.48 and low - $58.48.
Given the current horizontal trend you can expect WEC Energy Group Inc with 90% probability to be traded between $67.10 and $75.04 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. WEC Energy Group Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $70.15 and $70.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 02, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
WEC Energy Group Inc finds support from accumulated volume at $68.89.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.22 (1.73%) between high and low. For the last week, the stock has had a daily average volatility of 1.66%.
Our recommended stoploss: $67.25 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 13 days ago.)
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Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|WEC $71.01 $0.15(0.21%)|
WEC is up $0.15 today, but where's it headed in 2019?
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